2353 results returned for search: "" category "Other" author Jonathan Kent
First-quarter catastrophe claims caused Bermuda reinsurer Platinum Underwriters Holdings Ltd. to report an 81 percent fall in first-quarter profit last night.
Platinum announced net earnings of $15.4 million, or 32 cents per share, for the first thre...
DATE: Apr 22, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A strengthening US economy is likely to help Bermuda’s economy and balance of payments this year, Finance Minister Paula Cox said yesterday.
Last year’s plunge in the current account surplus was a reflection of difficult economic circumstances in Ber...
DATE: Apr 21, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda's annual current account surplus has fallen by half in the space of three years.
The figure, which represents the balance of the economic transactions between Bermuda residents and companies and overseas parties, shows how the Island's intern...
DATE: Apr 21, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
A group of leading London insurance executives has proposed a set of tax policy changes that it believes could tempt Bermuda companies to move to the UK.
The London 100, a group of executives and chairmen brought together by industry newsletter Insur...
DATE: Apr 19, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Two Bermudian women who earned promotion to senior posts at Ace Bermuda say hard work, networking, passion for the job and supportive family members are the keys to climbing the career ladder in the international insurance industry.
On Friday global ...
DATE: Apr 19, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda Commercial Bank Ltd. (BCB) yesterday ended a four-year search for a buyer as it sold a controlling interest to Permanent Investment Holdings Ltd. for around $34.2 million.
The deal is a boost for BCB shareholders who will be offered $9.88 eac...
DATE: Apr 16, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Finance Minister Paula Cox told an insurance industry audience that Government and the private sector had to work together to achieve a fulfilling relationship for the Bermuda insurance market to continue to thrive.
Speaking at a fundraising receptio...
DATE: Apr 16, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Bermuda Commercial Bank Ltd. (BCB) yesterday announced it has sold a controlling interest to Bermuda-based exempted company Permanent Investments Ltd. in a deal worth around $34.2 million.
The bank's new owner, which is owned and funded by four inves...
DATE: Apr 16, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Run-off may be one of the less fashionable aspects of the insurance industry — but there's real money to be made for capable operators with the necessary expertise.
That is reflected in the success of Bermuda-based Enstar Group Ltd., the world's bigg...
DATE: Apr 13, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
Butterfield Bank’s $130 million rights offering opened yesterday, giving qualifying shareholders the right to buy more shares for $1.21 each.
The rights to buy the Butterfield shares began trading on the Bermuda Stock Exchange yesterday, after the BS...
DATE: Apr 13, 2010
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CATEGORY:
Other
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AUTHOR:
Jonathan Kent
